By Pietro Lombardi

ENI SpA (ENI.MI) and the Angolan government have signed a memorandum of understanding and a number of agreements that launch a strategic partnership on sustainable development, the Italian company said Wednesday.

"The agreements are part of Eni's long-term development strategy that combines traditional business with a commitment to diversified and sustainable growth in the territories in which it operates," it said.

The agreements cover areas such as local development, renewable energy, health promotion and hydrocarbon research.

The parties also signed contracts for the acquisition of mineral rights and a concession agreement for a photovoltaic plant in the province of Namibe.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

(END) Dow Jones Newswires

November 13, 2019 06:32 ET (11:32 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Eni (BIT:ENI)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Eni Charts.
Eni (BIT:ENI)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Eni Charts.